Hello,
I'm new here and i really wonder how do you analyze the statistics and make the decision of buying Bitcoin. For example, i want to invest in Bitcoin but don't know the right time to buy. Current price is 8756.70USD and it can probably keep increasing. Should i wait for it to decrease? How long could it be keep increasing in value? When is the best time to enter the market for me?
There are too many information in this forum so i felt kind of lost here. I would really appreciate any kind of advice.
Thanks
After every price increase there is usually a price correction,but in what moment will it happen it is difficult to predict.So you can wait your chance to buy cheaper
BTC or buy now at 9000$ and hold few years for a good profit.Investing in
BTC is very risky,the market could turn in any direction at any time.So invest only what you can afford to lose,by price change or losing your
BTC in any way(sending to wrong address,hacking,forget private keys/seed...)
I really appreciate your answers. Another question, should i also invest like %5-%10 of my budget on altcoins for short term profits, like ETH, LTC etc? Do you have any suggestions for alt coins? Which ones should i focus nowadays?
It is good idea to invest some % of money in altcoins,ETH is looking good lately and some other coins.It is better to check list of all coins and do some research,everyone has their own favorites but it is up to you to decide where you'll invest money.